Cheap Homes for Rent in Forest Manor Neighborhood of Indianapolis, IN from $500 (13 Rentals)

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Search the lowest-cost Homes available for rent right now in the Forest Manor area of Indianapolis.

property at 4720 Munter Ln

$765 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$765 - $800

Total Monthly Price
$765 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

4720 Munter Ln

IndianapolisIN46218

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Forest Manor, Indianapolis, IN Local Guide

Cheapest Available Forest Manor Apartments for Rent

 

The cheapest available apartment rental in the Forest Manor area of Indianapolis, IN is a 2 Beds unit found at The Villages at Mill Crossing priced from $545. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Villages at Mill Crossing2THSFL2BR,1BA$545
East Village at Avondale Meadows ApartmentsB32BR,2BA$569
Hopeside I2.2-40%-H2BR,2BA$883
Frederick SquareFrederick Square 2 bedroom2BR,1BA$903
New Bridge1 Bed 1 Bath - The Queensboro1BR,1BA$909

Best Value Apartments for Rent in Forest Manor, IN

As of May 29, 2026 the best value apartment in the Forest Manor area is the $1.01 price per square foot 2 Bedroom 2 Bath - 63347 Model at Ashton Park in the in the United Northeast neighborhood starting from $1,179. The second greatest value Forest Manor apartment is the B2 Model at East Village at Avondale Meadows Apartments starting at $1,225 with a $1.12 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Forest Manor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashton Park2 Bedroom 2 Bath - 633472BR,2BA$1.01
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.12
7 Pointe ApartmentsGarnet2BR,2BA$0.91
Park Forest Apartments2BR/1BA2BR,1BA$1.27
Hopeside I2.2-40%-H2BR,2BA$0.96
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.02
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
Trenton House ApartmentsThe Cove1BR,1BA$1.42
2947 Schofield Ave, Unit 29472947 Schofield Ave2BR,1BA$1.47

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Forest Manor, Indianapolis, IN

Ranked #237

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Forest Manor

What type of rentals are currently available in Forest Manor?

There are currently 91 Apartments for Rent in Forest Manor, IN with pricing that ranges from $545 to $5,772. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Manor ranging from $599 to $3,200.

What is the current price range for Rental Homes in Forest Manor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Manor ranges from $599 to $3,200 with an average monthly rent of $1,567.

How much are larger Three and Four Bedroom Rentals in Forest Manor?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Forest Manor range from $626 to $5,772, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,200. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $808.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.